Emerging Markets Corporate Bonds Update[br]June 2019
2019 01 JUN
Emerging markets Emerging Markets Corporate Bonds Update
June 2019
  • The market was largely negative in May due to the intensifying trade conflict between the US and China - rising probability of a recession
  • Mexico was underperforming at the end of May due to US President Trump's announcement to impose tariffs
  • BRF in merger talks with Marfrig Global Foods – together, they would be the world's fourth largest meat company
  • Despite spread widening by 25 basis points, the reduction in 10-year US interest rates added + 0.32% to our fund performance